Earnings quality
Compare earnings and operating cash flow for earnings quality.
Intel Corporation
Ticker INTC · 🇺🇸 United States · Consolidated US GAAP · amounts in dollars
Filed 2026-01-23 · Period end 2025-12-27
Takeaway
Dig deeperThe numbers send mixed signals — dig into cash flow and leverage before drawing a conclusion.
operating margin is -4.2%; operating cash stayed positive despite an operating loss; equity ratio is 54.1%.
Mixed signals — use cash flow and the balance sheet before treating the year as clean.
ActionDig deeper
OP margin-4.2%
Equity ratio54.1%
Last priceUSD 58.27
Trailing P/E—
Look at next
- Compare operating cash flow to reported profit across the last two years.
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- Overlay peers on Compare before judging relative momentum.
About the company
Intel Corporation is a US-listed company with consolidated financial statements filed on SEC EDGAR.
Compare trends
Tel 4087658080 · As of filing date 2026-01-23
Financial statements
Income statement
| Account | FY2024 (ended Dec 28, 2024) | FY2025 (ended Dec 27, 2025) |
|---|---|---|
| Revenue | $53.1B | $52.9B |
| Cost of sales* | $35.8B | $34.5B |
| Gross profit | $17.3B | $18.4B |
| Operating profit | -$11.7B | -$2.2B |
| Income tax | $8.0B | $1.5B |
| Net income | -$18.8B | -$267.0M |
| Basic EPS | — | — |
Balance sheet
| Account | FY2024 (ended Dec 28, 2024) | FY2025 (ended Dec 27, 2025) |
|---|---|---|
| Cash & equivalents | $8.2B | $14.3B |
| Current assets | $47.3B | $63.7B |
| Non-current assets* | $149.2B | $147.7B |
| Total assets | $196.5B | $211.4B |
| Current liabilities | $35.7B | $31.6B |
| Non-current liabilities* | — | — |
| Total liabilities | — | — |
| Stockholders’ equity | $99.3B | $114.3B |
Cash flow statement
| Account | FY2024 (ended Dec 28, 2024) | FY2025 (ended Dec 27, 2025) |
|---|---|---|
| Operating cash flow | $8.3B | $9.7B |
| Investing cash flow | -$18.3B | -$14.8B |
| Financing cash flow | $11.1B | $11.6B |
| Cash at end of period | $8.2B | $14.3B |
Five-year trends
Key metrics
| Metric | Trend | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | $79.0B | $63.1B | $54.2B | $53.1B | $52.9B | |
| Operating profit | $19.5B | $2.3B | $93.0M | -$11.7B | -$2.2B | |
| Net income | $19.9B | $8.0B | $1.7B | -$18.8B | -$267.0M | |
| Total assets | $168.4B | $182.1B | $191.6B | $196.5B | $211.4B | |
| Cash & equivalents | — | — | — | $8.2B | $14.3B | |
| Stockholders’ equity | $95.4B | $101.4B | $105.6B | $99.3B | $114.3B |
How we read these numbers
From the notes
No material one-offs extracted from this filing.
Mixed
The numbers send mixed signals — dig into cash flow and leverage before drawing a conclusion.
On the income statement, revenue moved from $53.1B to $52.9B (▼ -0.5%). Operating profit went from -$11.7B to -$2.2B (▲ +81.0%).
Operating cash flow was $9.7B (prior $8.3B), with cash on the balance sheet at $14.3B versus $8.2B.
Liquidity & leverage
Cash moved from $8.2B to $14.3B; current liabilities $31.6B.
Capital buffer
Stockholders’ equity moved from $99.3B to $114.3B.
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Source: SEC EDGAR 0000050863-26-000011
(Intel Corporation), period end 2025-12-27.